NASA To Face $1.3 Billion Cut Next Year Under Sequestration 242
littlesparkvt writes "A budget forecast that was released on Friday shows that the defense department isn't the only department getting hammered: NASA is as well, if the automatic budget cuts happen. According to Nature magazine, NASA will lose '$417 million from its science budget, $346 for space operations, $309 for exploration, $246 for cross agency support, among other cuts.'"
DoD (Score:2, Interesting)
Can we please just cut $1.3B extra from Defense and leave NASA alone? Seriously, $1.3 is only like half a B2 bomber - DoD can absorb that cost.
much as I like NASA... (Score:2, Interesting)
Much as I like NASA, if that's what it takes to get the deficit under control, then that's what needs to happen. Given that the DOD takes the brunt of the cuts, it seems fair. And a billion dollar in cuts for NASA amounts to pocket change when distributed about all the billionaires that are currently financing private space ventures. We'll probably do better altogether by getting the economy going again and having them work on getting to space than to keep financing bloated DOD and other programs an relying on handouts for NASA to get us into space.
Re:It won't matter (Score:1, Interesting)
I've been reading comments about how the Fed's policy is replacing money that has been "taken out" of the economy by the rich or the housing bubble.
The first thing you need to know is that the Fed does not create wealth... Every time they print money, they devalue the current money. Wealth must be CREATED by hard work.
Here is an example, an owner of a glass processing facility told me a story and it illustrates this point beautifully... Unfortunately, I can't remember all of the detail but I can do a fairly good job of summarizing.
The first stage of the glass process is to make the glass... First sand is sold at ~$3 per pound. It then goes to a facility where the sand is made into glass and it's value increases to ~8$ per pound... It then goes to different companies who continue the processing of the material. Finally, It makes its way to the glass factory where I learned this story and there the final processing yields a product that sells for ~$80 per pound (As it turns out that particular product was actually being sold back to the original producer who sold the raw material for $3 per pound). That is how wealth is created.
The rich don't horde money so that you can't have it... YOU need to do something that creates wealth and then you too can accumulate large quantities of dollars.
WEALTH is not a 0 sum game!
Re:Budget cuts should not be imposed (Score:5, Interesting)
Oh the AF/Navy have their own launch vehicles and launch facilities now? I guess I wasn't keeping up.
You are correct - you're not keeping up. Airforce launched them. DOD paid for them. In fact the bloc I GPS sats were launched using Atlas rockets, aka repurposed ICBMs.
Ain't gonna happen (Score:3, Interesting)
These sequestration cuts will not happen. After the upcoming election, minds will be concentrated, horses will be traded at a furious rate, and this can will be kicked down the road. The details of the can-kicking and horse-trading will depend on the nature of the election results, but the can will be kicked down the road. Of that you can be sure.